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cover of episode Has there been a trade war thaw?

Has there been a trade war thaw?

2025/6/11
logo of podcast Marketplace All-in-One

Marketplace All-in-One
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The US and China have reportedly sketched out a framework to de-escalate their trade war, involving potential easing of restrictions on rare earth sales and computer chip technology. The World Bank has lowered its global growth forecast due to trade tensions, but stopped short of predicting a recession. Market reactions were positive initially, but analysts caution about the vagueness of the deal.
  • Framework to de-escalate US-China trade war sketched out
  • World Bank lowers global growth forecast
  • Positive market reaction, but analysts express caution

Shownotes Transcript

From the BBC World Service: The U.S. and China say that, during talks in London, they’ve sketched out a framework to dial down their trade fight after slapping big tariffs on each other. But those trade tensions aren’t doing the global economy any favors; the World Bank has slashed its global growth forecast. And later, we hear how a tea plantation in India is fighting climate change with rock dust.